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LSDefine

Simple English definitions for legal terms

constructive transfer

Read a random definition: want of consideration

A quick definition of constructive transfer:

A constructive transfer is when someone gives away or gets rid of something they own, either directly or indirectly, even if they still have some control over it. This can include things like selling, giving as a gift, or putting a lien on the item. It can also refer to someone else delivering an item on the owner's behalf. However, if someone tries to pretend to give something away or hide it from their creditors, that is called a fraudulent transfer.

A more thorough explanation:

Constructive transfer refers to any mode of disposing of or parting with an asset or an interest in an asset, including a gift, the payment of money, release, lease, or creation of a lien or other encumbrance. It can be direct or indirect, absolute or conditional, voluntary or involuntary. This term also includes retention of title as a security interest and foreclosure of the debtor's equity of redemption.

For example, if a person sells their car to another person, it is a direct and voluntary constructive transfer. However, if a person gives their car to their friend to sell it on their behalf, it is an indirect and conditional constructive transfer.

Another example of constructive transfer is when someone delivers an item, especially a controlled substance, by someone other than the owner but at the owner's direction.

It is important to note that a colorable transfer, which is a sham transfer having the appearance of authenticity, is not a valid constructive transfer.

constructive total loss | constructive treason

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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